jakiro
Source: Daoshuo Blockchain
Recently, a news about Trump’s support for crypto assets has been hyped up online.
The whole story is probably like this:
At a recent public rally, Trump called on Americans who support crypto assets to vote for him, and he also expressed welcome donations from crypto assets.
At this rally, Trump mocked the current president for knowing nothing about crypto assets and criticized the Democrats for being unfriendly to crypto assets.
A young man asked the former president:
Smart Americans in the crypto space are moving their businesses away from the U.S. because they are afraid of the U.S. government hostility to crypto assets.How would he stop this?
Before the young man finished speaking, Trump said: He doesn’t want this. If the United States wants to embrace crypto assets, it must keep these people in the United States.
As soon as the words finished, the audience burst into applause and the young man smiled happily.
In fact, Trump’s attitude towards crypto assets has only changed in the past two years.
He initially had a clear opposition to crypto assets because he once believed that crypto assets would weaken the international status of the US dollar.But now countless facts have shown that crypto assets have not only not weakened the status of the US dollar, but have become another new area where the US dollar has pricing power.
So at least the problem Trump is worried about does not exist.
In addition, I think the more important point is:
Trump himself has gained a lot of benefits from crypto assets: his team issued NFTs twice on Polygon, earning about dozens to millions of dollars — the profit is small, for himThe publicity and momentum are the big ones.
This move is more about attracting young people and canvassing for his next election.
For such a “focused” businessman who is willing to run for another election, he can clearly calculate the benefits and losses brought to him by crypto assets.
So it is not an exaggeration to say that he is so friendly to crypto assets now that “the butt determines the head”.
I believe that if he is really elected, these promises will most likely be implemented.
Several months ago, several major U.S. polling agencies had evaluated multiple candidate options that could end up in the face of more than a dozen angles, and these results showed that Trump was significantly ahead of his Democratic opponents in the polls.
So as long as Trump does not go to prison or does not have a black swan-like accident before the election, his chances of being elected are greater than his opponents.
If this speculation comes true, you can imagine that after he is elected in the future, the chairman of the US Securities and Exchange Commission will likely be replaced with a new crypto-friendly leader.
That will benefit the entire crypto ecosystem, especially the passage of Ethereum spot ETFs.
Recently, Grayscale’s withdrawal of its application for Ethereum spot ETFs shows that as long as the chairman is still in office, it will be difficult for Ethereum spot ETFs to pass during his tenure.
So I think if we expect to see the positive news of the Ethereum spot ETF, the biggest possibility is after Trump is elected.
I remember in the last Twitter exchange, I once said a guess: I imagine that the next bull market will last between March and August 2025.
If Trump is elected and officially takes office as president on January 20, 2025, the Ethereum spot ETF may pass at a certain period between March and August next year.
If this positive news is released by then, it will trigger external funds to pursue crypto assets, especially Ethereum, it will probably be a big wave of funds in the bull market that will help the entire market reach its peak.
This positive news is likely to push up the current price of Ethereum’s more spanned currency, thereby pushing the price of Ethereum against Bitcoin from the current 20 Ethereum exchanges 1 Bitcoin to about 15 EthereumExchange 1 bitcoin.
Of course, what I wrote above is just a guess, just a little entertainment in a boring market.
